Common use of Payment Reductions Clause in Contracts

Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of royalties and shut-in royalties hereunder shall be reduced as follows: royalties and shut-in royalties for any well on any part of the leased premises or lands pooled therewith shall be reduced to the proportion that Lessor’s interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate covered by this lease is payable to someone other than Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.

Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of royalties and shut-in royalties royalties, or other payment attributable to the mineral interest hereunder shall be reduced as follows: royalties and shut-in royalties for any well on any part of the leased premises or lands pooled therewith shall be reduced proportionately to the proportion amount that LessorXxxxxx’s interest in such part of the leased premises bears to the full entire mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate interest covered by this lease Lease is payable to someone other than Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.

Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of the royalties and shut-in royalties payable hereunder shall be reduced as follows: royalties and shut-in royalties for any well on any part of the leased premises or lands pooled therewith shall be reduced to the proportion that Lessor’s interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate covered by this lease is payable to someone other than Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.

Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of royalties and shut-in minimum royalties hereunder shall be reduced as follows: royalties and shut-in minimum royalties for any well on any part of the leased premises or lands pooled therewith shall be reduced to the proportion that LessorXxxxxx’s interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate covered by this lease is payable to someone other than Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.

Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of royalties the royalties, and shut-in royalties payable hereunder shall be reduced as follows: royalties and shut-in royalties for any well on any part of the leased premises or lands land pooled therewith shall be reduced to the proportion that LessorLxxxxx’s interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate covered by this the lease is payable to someone other than the Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.

Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of royalties the royalties, and shut-in royalties payable hereunder shall be reduced as follows: royalties and shut-in royalties for any well on any part of the leased premises or lands land pooled therewith shall be reduced to the proportion that Lessor’s interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate covered by this the lease is payable to someone other than the Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.

Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of royalties and shut-in royalties hereunder shall be reduced as follows: royalties and shut-in royalties for any well on any part of the leased premises or lands pooled therewith shall be reduced to the proportion that LessorXxxxxx’s interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate covered by this lease is payable to someone other than Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.